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  2. Effects of the 2008–2010 automotive industry crisis on the ...

    en.wikipedia.org/wiki/Effects_of_the_2008–2010...

    On December 19, George W. Bush announced that he had approved the bailout plan, which would give loans of $17.4 billion to U.S. automakers GM and Chrysler, stating that under present economic conditions, "allowing the U.S. auto industry to collapse is not a responsible course of action."

  3. Presidential Task Force on the Auto Industry - Wikipedia

    en.wikipedia.org/wiki/Presidential_Task_Force_on...

    Based on an assessment that automobile manufacturing was a critical sector of the economy providing 3 to 4 million jobs for Americans, that liquidation was imminent for two of the three major U.S. automakers, and that the break ups would devastate the U.S. economy, the U.S. government became involved in the day-to-day management decisions of ...

  4. 2008–2010 automotive industry crisis - Wikipedia

    en.wikipedia.org/wiki/2008–2010_automotive...

    The Big Three received funding for a $25 billion government loan during October 2008 to help them re-tool their factories to meet new fuel-efficiency standards of at least 35 mpg ‑US (6.7 L/100 km; 42 mpg ‑imp) by 2020. The $25 billion in loans from the Department of Energy to the auto manufacturers were actually authorized by Congress ...

  5. AIG Agrees on Plan to Repay U.S. Taxpayers for Bailout - AOL

    www.aol.com/2010/09/30/aig-bailout-repayment...

    Finally, after many months of preparation and planning, American International Group (AIG) announced Thursday that it had entered into an agreement with the Treasury Department and the Federal ...

  6. Feds Deny Allowing 'Excessive' Executive Pay at GM, Ally - AOL

    www.aol.com/finance/2014-09-24-gm-execessive-pay...

    GM paid then-CEO Dan Akerson $9 million in cash and stock in 2013. By Paul Lienert and Bernie Woodall DETROIT -- The U.S. Treasury last year permitted top executives at General Motors (GM) and ...

  7. As big banks repay bailout funds, small banks can ask for more

    www.aol.com/news/2009-05-13-as-big-banks-repay...

    Treasury Secretary Tim Geithner already has plans for the tens of billions of dollars from the Troubled Asset Relief Program (TARP) that big financial companies like JPMorgan Chase (JPM) and ...

  8. Troubled Asset Relief Program - Wikipedia

    en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

    All that money had been returned. $5 billion in loan guarantees for Citigroup ($5 billion). The program closed, with no payment made, on December 23, 2009. $79.7 billion in loans and capital injections to automakers and their financing arms through the Automotive Industry Financing Program. $21.9 billion to buy "toxic" mortgage-related securities.

  9. Federal Bailout Costs Now Look $161 Billion Slimmer - AOL

    www.aol.com/2010/04/12/federal-bailout-costs-now...

    Corporate America appears to be feeling a little fatter these days and that, in turn, is prompting the Treasury Department to slim down its estimates on the cost of the $700 billion bailout that ...